DAILY

13th March 2014

PSI20:-2.16% DAX30:-1.86% FTSE100: -1.01% S&P500:-1.17% NIKKEI225: -0.10%
PSI20 retreated 2.16% to 7 353.57 points, and it was the worst performer among European Indexes on Thursday. The index closed lower, as both the financial sector (BCP plunged 4.59%, and BES dropped 3.13%) and the index heavy-weights (PT fell 1.64%, and J. Martins slid 2.09%) slipped. More >> According to INE, consumer prices in Portugal fell 0.1% YoY on February 2014, as transportation and clothing prices declined. Therefore, the consumer price index returned to deflationary territory after a negative variation on consumer prices on October (-0.3% YoY) and November (-0.2% YoY). More >>

European stocks hit a five-week closing low on Thursday as worries over economic growth in China and tension in Ukraine took their toll on market sentiment.The FTSEurofirst 300 index of top European shares closed down 1.1 percent at 1 293.35 points, its lowest close since February 6. More >> Retail sales in Spain rose more-than-expected last month, official data showed on Thursday.INE, the National Institute of Statistics said that Spanish retail sales rose to a seasonally adjusted annual rate of 0.5%, from -1.0% in the preceding month. More >>

U.S. stocks declined on Thursday, with the Dow Jones Industrial Average dropping over 200 points, as worries mounted about China's economy and escalating tensions in Ukraine.More >> The first signs of an improving economy and better weather are here, as the US retail sales advanced by 0.3 percent in February against economists expectations of 0.2 percent. More >> U.S. Natural Gas Storage fell to a seasonally adjusted annual rate of -195B, from -152B in the preceding month.Analysts had expected U.S. Natural Gas Storage to fall -196B last month.More >>

Asian stocks pared gains after reports showed growth in Chinas industrial output and retail sales missed estimates, adding to concern about the outlook for the regions biggest economy.Chinas retail sales advanced 11.8%, missing expectations for a 13.5% gain. More >> Australia boosted full-time payrolls in February by the most in more than 22 years, sending the currency higher and signaling the central banks bid to spur local demand with record-low interest rates is gaining traction. More >>

GOLD($1371.60oz t; +0.37%): Gold prices traded higher on Thursday though they trimmed earlier gains after better-than-expected reports on U.S. retail sales and jobless claims reminded investors the FED remains on track to continue tapering its monthly bond-buying program. More >> NATURAL GAS ($4.472/MmBtu; -2.62%): Natural gas futures dropped on Thursday as the proximity of spring's arrival coupled with a lackluster supply report sent investors selling and jumping to the sidelines.More >>

DISCLAIMER: Daily Briefs contains a summary of financial news covered on conventional news services around the world. Daily Briefs coverage of subjects is based on t whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.